Notice to Members 99-104

Maximum SOES Order Sizes Set to Change January 10, 2000

Effective January 10, 2000, the maximum Small Order Execution SystemSM (SOESSM) order sizes for 534 Nasdaq National Market® (NNM) securities will be revised in accordance with National Association of Securities Dealers, Inc. (NASD®) Rule 4710(g).

For more information, please contact Nasdaq Market Operations at (203) 378-0284.